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Look for sell positions towards 130.85

Look for sell positions towards 130.85 | 14 March 2023

14 March 2023, USD/JPY

USDJPY has been bearish since last Friday, We expect this bearish trend to continue probably up to the of this week. and the market has been dropping impulsively, currently, the market is at 133.03,(our minor corrective wave a), I expect the market to form a corrective pattern, maybe expanding wedge, ascending channel, or a double top, and then sell up to 129.92. You can enter sell trade new with your take profit at 129.92 and stop loss at 133.80. Should the market break above (133.35) the setup will be invalidated.

Trade Recommendations

Look for sell positions towards 130.85

Bob Stan
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